12/9/2023 0 Comments Snapnurse careersFuture of SnapNurse: Company Facts and FinancialsĪccording to Crunchbase, the company has raised more than $33M in startup funding. The company’s revenue model is based on charging hospitals and healthcare facilities a percentage of each successfully placed staffing assignment. SnapNurse partners with payment technology providers such as Stripe to facilitate these payments. Thus, the “Snap” in the company name represents the commitment to speed of finding work and receiving payments for nurses. When Kloss started the company, a core tenet of the company was that nurses should receive same-day payment. Other beneficial time-saving features of SnapNurse include attendance tracking and payment features directly through the app. With SnapNurse, this time was cut down to 24 to 48 hours. Placing short term assignments previously took between 10 and 11 days for hospital management. The company quickly became a major disruptor for short term healthcare staffing. On the other end, healthcare managers can access this centralized platform and immediately contact and source workers, saving time and effort during the hiring process. The SnapNurse platform and mobile app saves time by allowing nurses and healthcare workers to validate their credentials in a central location. Technology-Enabled Efficient Healthcare Staffing While SnapNurse is a marketplace for healthcare jobs, the company is similar to these other startups in that technology is central to their business model. Whereas Uber connected riders with private transportation providers and AirBnB similarly provided a platform for short term lodging opportunities, SnapNurse filled the niche of hospitals and other institutions looking for short term staffing assignments. These companies create a labor market that focuses primarily on short-term or freelance work opportunities, or “gigs”. The SnapNurse software follows the “gig economy” business model of companies like Uber and AirBnB. Business Model Gig Economy Business Model Richards is another key member of the SnapNurse leadership team and served as the company’s COO for several years. Stepping in as interim CEO is her co-Founder Jeff Richards, a former director of anesthesia and classmate of Kloss. She recently stepped down from her role as CEO but continues to serve as a key board member of SnapNurse. Kloss was named EY Entrepreneur of the Year in 2021. In order to overcome this, Kloss founded the company in 2017 to make it easier for other healthcare professionals to find work. Originally an anesthetist, Kloss remembers vividly the difficulty securing jobs at different hospitals. LeadershipĬherie Kloss is the visionary behind SnapNurse. In 2021, they received more than 150,000 applications from nurses looking to pick up extra shifts. SnapNurse experienced unprecedented growth throughout the COVID-19 pandemic to fulfill healthcare staffing shortages and demand.Īccording to their company website, SnapNurse employs more than 200 full time employees, but has partnered with more than 350,000 registered clinicians. Its success is attributed to the speed and simplicity for matching open healthcare roles between facilities and providers. The staffing functionality is facilitated via a mobile app that is easy for both parties to use. The company provides an online technology platform which connects nurses and other healthcare professionals with healthcare facilities for short term and long term assignments. Company Descriptionįounded in 2017, SnapNurse at its core is a healthcare staffing business. Led by an outstanding leadership team and a proven business model, SnapNurse is poised for continued success and innovation as one of the most valuable unicorn startups. Now, many are calling this company “the Uber of Nursing”. Much of this unprecedented growth was accelerated by the demand for nursing following the COVID-19 pandemic. This healthcare staffing company experienced explosive growth of 150,000% between 20. Few healthcare technology startups have made more of a splash in recent years than SnapNurse.
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